Exhibit 99.1

TSAKOS ENERGY NAVIGATION LIMITED AND SUBSIDIARIES

Selected Consolidated Financial and Other Data (Unaudited)

(In Thousands of U.S. Dollars, except share, per day and fleet data)

	Three months ended September 30						Nine months ended September 30
	2004			2003			2004			2003
STATEMENT OF INCOME DATA
Revenue from vessels	$	74,889		$	55,105		$	224,274		$	177,833
Revenue from vessels, net		71,838			52,453			215,031			169,654
Voyage expenses		18,642			17,036			51,077			46,792
Vessel operating expenses		12,906			12,718			38,912			34,645
Depreciation		8,920			8,771			26,524			24,326
Amortization of deferred drydocking charges		2,128			1,816			6,915			5,849
Provision for doubtful receivables		—			—			244			—
Management fees		1,440			1,155			3,945			3,255
General & Administrative expenses		764			468			2,042			1,302
Operating income		27,037			10,489			85,371			53,485
Interest and finance costs, net		(2,475	)		(2,557	)		(7,732	)		(8,835	)
Interest income		136			90			316			299
Foreign currency losses		(21	)		(52	)		(68	)		(258	)
Share of profits of joint-venture		—			(43	)		—			621
Amortization of deferred gain on sale of vessels		792			—			2,376			—
Gain on sale of vessels		—			—			8,755			—
Other income/(expense)		—			106			—			(504	)
Net income	$	25,468		$	8,033		$	89,018		$	44,808
Earnings per share, basic	$	1.26		$	0.47		$	4.77		$	2.61
Earnings per share, diluted	$	1.26		$	0.47		$	4.76		$	2.60
Weighted average number of shares outstanding
Basic		20,159,789			17,179,420			18,653,291			17,148,401
Diluted		20,189,589			17,205,637			18,702,704			17,205,598
	September 30 2004			December 31 2003
BALANCE SHEET DATA
Cash and cash equivalents		91,905			86,813
Current assets, including cash		126,546			116,971
Advances for vessels		107,658			33,420
Vessels at cost		848,948			800,870
Accumulated Depreciation		(172,206	)		(146,208	)
Vessels’ Net Book Value		676,742			654,662
Deferred charges		15,704			20,454
Total assets	$	926,650		$	825,507
Current portion of long-term debt		42,369			41,602
Current liabilities, including current portion of long-term debt		95,397			83,463
Long-term debt, net of current portion		355,023			411,018
Deferred income, net of current portion		13,454			16,457
Total stockholders’ equity		462,776			314,569
Total liabilities and stockholders’ equity	$	926,650		$	825,507

		Three months ended September 30						Nine months ended September 30
		2004			2003			2004			2003
OTHER FINANCIAL DATA
Net cash from operating activities		$	34,311		$	17,742		$	101,265		$	65,421
Net cash used in investing activities		$	(26,283	)	$	(74,252	)	$	(113,758	)	$	(200,286	)
Net cash from/(used in) financing activities		$	(10,821	)	$	41,459		$	17,585		$	134,627
FLEET DATA
Vessel overhead costs per ship per day		$	887		$	657		$	796		$	660
Average number of vessels during period			27.0			26.9			27.4			25.3
Number of vessels at end of period			27.0			27.0			27.0			27.0
Average age of fleet at end of period	Years		7.3			6.3			7.3			6.3
Dwt at end of period (in thousands)			2,919.9			2,681.8			2,919.9			2,681.8
Time charter employment	Days		1,387			951			3,948			2,594
Period employment (pool and coa) at market rates	Days		490			496			1,618			1,333
Spot voyage employment at market rates	Days		553			788			1,760			2,444
Total operating days			2,430			2,235			7,326			6,371
Total available days			2,484			2,471			7,519			6,906
TCE per ship per day		$	26,057		$	17,919		$	26,516		$	21,475
Operating expenses per ship per day		$	6,090		$	5,778		$	6,058		$	5,668

TSAKOS ENERGY NAVIGATION LIMITED AND SUBSIDIARIES

FINANCIAL AND OTHER DATA BY FLEET (Unaudited)

		Three Months Ended September 30, 2004
Vessel Type		VLCC			Suezmax		Aframax		Panamax		Product carriers
Average number of vessels			2.0		4.0		10.0		7.0		4.0
Number of vessels at end of period			2.0		4.0		10.0		7.0		4.0
Dwt at end of period (in thousands)	Dwt		600.9		657.2		1,020.7		478.2		162.9
Percentage of total fleet			20.5	%	22.5	%	35.0	%	16.4	%	5.6	%
Average age at end of period	Years		8.4		2.0		8.4		7.0		18.5
TCE per ship per day	$		55,069		26,210		27,330		22,819		13,963
Operating expenses per ship per day	$		9,529		6,170		5,940		5,739		6,135
		Nine Months Ended September 30, 2004
Vessel Type		VLCC			Suezmax		Aframax		Panamax		Product carriers
Average number of vessels			1.9		4.0		10.0		7.5		4.0
TCE per ship per day		$	50,958		26,181		28,136		24,795		14,304
Operating expenses per ship per day		$	8,651		6,215		6,130		5,678		5,898

	Three Months Ended September 30, 2004
	Newbuildings			VLCC 2004			Acquired (pre-1997)			Combined
Average number of vessels		16.0			1.0			10.0			27.0
Percentage of total fleet in dwt at end of period		68	%		10	%		22	%		100	%
Average age at end of period (years)		3.5			10.7			17.4			7.3
Utilization in period		99.1	%		100.0	%		97.1	%		97.8	%
TCE per ship per day	$	28,341		$	74,638		$	17,181		$	26,057
Operating expenses per ship per day	$	5,617		$	9,565		$	6,310		$	6,090
Revenue from vessels, net ($ thousand)	$	46,265		$	8,069		$	17,504		$	71,838
Net income, excluding gain on sale - ($ thousand)	$	18,693		$	4,450		$	3,044		$	26,187
Gain on sale of vessels											0
Holding and dormant companies											(719	)
Total net income											25,468
	Nine Months Ended September 30, 2004
	Newbuildings			VLCC 2004			Acquired (pre-1997)			Combined
Average number of vessels		16.0			0.9			10.5			27.4
Utilization in period		99.0	%		100.0	%		94.8	%		97.4	%
TCE per ship per day	$	28,351		$	68,106		$	19,858		$	26,516
Operating expenses per ship per day	$	5,680		$	8,651		$	6,258		$	6,058
Revenue from vessels, net ($ thousand)	$	134,780		$	19,788		$	60,462		$	215,031
Net income, excluding gain on sale - ($ thousand)	$	55,191		$	11,063		$	15,888		$	82,142
Gain on sale of vessels											8,755
Holding and dormant companies											(1,879	)
Total net income											89,018

Newbuildings include all vessels specifically constructed for TEN. These represent all additions to the fleet since 1997, except for the VLCC La Madrina.

TCE represents gross freight revenue less voyage expenses (excluding any charter-in costs). Commission is not deducted.

TCE rate given for the the VLCC Millennium, which is chartered out on a bare-boat basis, takes into account a notional operating cost per day.